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Whats your guess on when americans will figure it out ? (hexbear.net)

submitted 2 months ago by ThomasMuentzner@hexbear.net to c/asklemmy@lemmy.ml

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[-] ryathal@sh.itjust.works -5 points 2 months ago

No matter how you tax there isn't 300+ billion of income to find. Endless new debt isn't sustainable.

[-] sunbeam60@lemmy.one 1 points 2 months ago

Endless US debt is fine, provided there keeps being interest in the US dollar as a reserve currency. The US national debt is simply the difference between money printed and money collected. As long as the US dollar “disappears” into the global economy (which it does), inflation is kept under check.

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this post was submitted on 12 Sep 2024

129 points (92.2% liked)

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